The United States Has Declared Defeat in Two More Wars

Now that the average American voter is barely paying attention—and that the US is facing an economic crisis and weak recovery—it has become politically expedient to move further toward wrapping up a couple more lost wars.  Original Article: “The United States Has Declared Defeat in Two More Wars​​” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.   Source link

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Keynes Thought Scarcity Would Disappear in the Near Future. Boy, Was He Wrong.

The Price of Peace: Money, Democracy, and the Life of John Maynard Keynesby Zachary D. CarterRandom House, 2021 [2020]xxii + 628 pages For many people, though not, to be sure, readers of The Austrian, John Maynard Keynes ranks as the greatest economist of the twentieth century; but for Zachary D. Carter, this is a restrained understatement. Carter, a writer on economics at the HuffPost, says this about Keynes: No European mind since Newton had impressed himself so profoundly on both the political and intellectual development of the world. When the [London]…

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Washington’s Bipartisan Fiscal Folly | Mises Wire

For years, I have been sounding the alarm about chronic federal deficit spending—practiced by both Republicans and Democrats—steering our country into a fiscal abyss. I feel like a broken record as I periodically chronicle the folly of it all. The process has taken on a sense of inevitability as we watch what feels to me like a slow-motion train wreck. I have remarked on various milestones along this dangerous course: Americans as a people and a polity are astoundingly indifferent to debt and have embraced it as the (temporarily) normal way to live. One…

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Why Is There No Correlation between Masks, Lockdowns, and Covid Suppression?

In the past couple of months, our esteemed public health experts have had a rough go of defending the supposedly settled science behind lockdowns and mask mandates. White House covid-19 advisor Andy Slavitt was first on the chopping block back in mid-February, when he was reduced to parroting empty platitudes about social distancing after failing to explain why a completely open Florida had numbers no worse than a strictly locked-down California. Then comes media darling Dr. Anthony Fauci, who has had a particularly embarrassing series of public appearances of late.…

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Alan Payne on a Fascinating History of Competing Business Models

We can gain useful insights by winding business models back in time to see how they emerged and evolved. In the case of competing business models, we can analyze the different outcomes and perhaps assign some cause and effect analysis to interpret why one model variant performed better than another. How do we do that? Through the technique of entrepreneurial business history. Alan Payne conducts just such a historical business model re-enactment in his excellent book, Built To Fail: The Inside Story of Blockbuster’s Inevitable Bust (Mises.org/E4B_116_Book). It’s the dynamic…

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